Evercore ISI lowers Wix.com stock price target to $160 on higher marketing costs
NegativeFinancial Markets

- Evercore ISI has lowered its stock price target for Wix.com to $160 due to higher marketing costs, indicating potential challenges in the company's financial outlook.
- This revision is significant as it may affect investor sentiment and the company's market position, particularly in a competitive landscape.
- The broader market context reveals a trend of companies, including Target and Nayax, facing similar challenges with declining sales and profitability, highlighting ongoing economic pressures affecting consumer spending.
— via World Pulse Now AI Editorial System






